
POWELL JACKSON HOLE HOPIUM IS AT HAND, NVIDIA HOPIUM IS AHEAD, CARRY TRADE RISK
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Hopium Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that after tracing a V bottom on the carry trade unwind, the stock market is in the resistance zone. The RSI pattern shown on the chart is such that the stock market can go either way. Bulls are hopeful that Powell’s speech at Jackson Hole today will trigger a breakout in the stock market to